Apple stopped $1.5 billion in fraudulent transactions on App Store in 2021

New Delhi: Apple protected customers from more than $1.5 billion in potentially fraudulent transactions on the App Store in 2021, the company has informed.

This prevented attempted theft of the App Store users’ money, information, and time, and kept nearly a million problematic new apps out of their hands.

Apple said in a statement late on Wednesday that it stopped over 1.6 million risky and vulnerable apps and app updates from defrauding users.

“Bad actors continue to evolve their methods of online fraud, often making their schemes harder to recognise. That is why Apple has continued to refine its processes, create new ones, and engineer solutions to take on these threats,” it added.